IPG PHOTONICS CORP
For the period ended Mar 31, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
IPGP$69.49-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets: March and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (In thousands, except share and per share data) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $363,046 | $620,040 |
| Short-term investments | 563,832 | 310,152 |
| Accounts receivable, net | 176,909 | 171,131 |
| Inventories | 287,623 | 284,780 |
| Prepaid income taxes | 16,955 | 17,592 |
| Prepaid expenses and other current assets | 35,022 | 27,300 |
| Total current assets | 1,443,387 | 1,430,995 |
| Deferred income taxes, net | 109,232 | 115,031 |
| Goodwill | 68,617 | 67,241 |
| Intangible assets, net | 54,297 | 55,376 |
| Property, plant and equipment, net | 603,271 | 588,375 |
| Other assets | 38,544 | 32,246 |
| Total assets | $2,317,348 | $2,289,264 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $37,923 | $35,385 |
| Accrued expenses and other current liabilities | 152,829 | 152,048 |
| Income taxes payable | 6,282 | 17,586 |
| Total current liabilities | 197,034 | 205,019 |
| Other long-term liabilities and deferred income taxes | 59,872 | 59,774 |
| Total liabilities | 256,906 | 264,793 |
| Commitments and contingencies (Note 11) | ||
| IPG Photonics Corporation equity: | ||
| Common stock, $0.0001 par value, 175,000,000 shares authorized; 56,813,839 and 42,729,426 shares issued and outstanding, respectively, at March 31, 2025; 56,632,974 and 42,548,561 shares issued and outstanding, respectively, at December 31, 2024. | 6 | 6 |
| Treasury stock, at cost, 14,084,413 shares held at both March 31, 2025 and December 31, 2024. | (1,505,216) | (1,505,321) |
| Additional paid-in capital | 1,040,264 | 1,035,285 |
| Retained earnings | 2,617,626 | 2,613,868 |
| Accumulated other comprehensive loss | (92,238) | (119,367) |
| Total IPG Photonics Corporation equity | 2,060,442 | 2,024,471 |
| Total liabilities and equity | $2,317,348 | $2,289,264 |
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